Middletown Office Complex For Sale 100% Leased

Office for Sale
Catylist Listing ID: 29778018
Property Subtypes: Business Park, Executive Suites, Governmental, High-Tech, Medical, Mixed Use, Net Leased, Office Building, Research & Development, Other
Building Size (RSF): 14,000 SF
Gross Building Area: 17,460 SF
Gross Land Area: 0.97 Acres
Sale Price: $1,210,000
Unit Price: $86.43 PSF
Ceiling: 8 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: Brinley Avenue Office Complex
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/8/2017

Overview / Comments

Strong east end office complex with 2 well maintained office buildings located at Shelbyville Road and Evergreen Road in Middletown, KY.
Buildings are in excellent condition.
Building #2 has a walkout basement with high ceiling heights.
Ample Parking. Excellent signage visibility. Ideal opportunity for an owner-user.
100% occupied..

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 281600030000
Zoning: OR-3 - Office/Residential District
Market Type: Mega
Property Located Between: Shelbyville Rd and Evergreen at Brinley Ave
Side of Street: South
Road Type: Highway
Property Visibility: Good
Transportation: Bus, Shuttle, Highway, Airport, Taxi, Other
Highway Access: Immediate access to I-265 and I-64
Airports: Louisville International Airport
Site Description: Level lot with great parking and nice treed landscaping
Area Description: Located in the heart of Middletown, at the intersection of Shelbyville Rd and Evergreen. Across from the post office, near Walgreens.
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 3,400 SF
Year Built: 1998
Roof Type: Hip
Construction/Siding: Brick
Exterior Description: All brick construction, low maintenance exterior. Ample parking, rear patio/deck. Nice landscaping with mature trees.
Parking Ratio: 2.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Easy access to parking from each building. Owner is resealing parking in Summer 2015.
Total Parking Spaces: 36
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: Move in ready. Well maintained office space with kitchenette, conference rooms large open offices front and rear access. Lots of windows and updated color scheme. Newer carpet. Some spaces have furniture to remain.* Lots of windows. Front and rear entry.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,597 61,750 176,436
Median Age: 43.59 42 40.48
Households: 1,939 25,791 73,112
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